LOT 34A

11 Mundesley Road, North Walsham, Norfolk, NR28 0DA

A FREEHOLD MIXED USE COMMERCIAL/RESIDENTIAL PROPERTY PRODUCING THE EQUIVALENT OF £21,880 PER ANNUM

Guide price: Postponed until September 16th Auction*

Auction Date

Tuesday, 14th July 2020 12:00pm

BY ORDER OF B TOBIN & P J WATERFIELD AS LPA RECEIVERS

The property comprises a traditional building which has been extended about 10 years ago to form two modern 2 bedroom flats, a cycle shop and a 1 bedroom flat. There is an old warehouse to the rear of the property. The property is situated on the west side of Mundesley Road in a secondary retailing position close to Cromer Road. The main retailing centre of town is Market Place, 200 metres to the southeast.

Accommodation

Ground Floor: The shop unit comprises a small retail unit with rear WC. The warehouse comprises an L-shaped building, partly below Flat B. It is basic storage space, formerly the warehouse to a much larger shop. Flat D comprises an entrance door at ground floor, sitting room. Off this are two bedrooms, a bathroom and a kitchen.

First Floor: Flat B comprises a one bedroom first floor flat with living room, kitchenette and bathroom. Flat C comprises an entrance door at ground floor with stairs to the first floor sitting room. Off this are two bedrooms, a bathroom and a kitchen.

External Part ownership of courtyard.

Note

The property has not been internally inspected by Strettons and can give no warranty as to its present condition, layout or occupation. The property will be sold subject to whatever occupation that may exist at the time of sale.

Status

Please refer to auctioneer for more information

Accommodation

Unit Accommodation Tenancy Rent pcm EPC Rating
Retail Unit 435 Sq Ft (40.4 Sq M) 3 year lease from 8.2.16 £433.33 TBC
Flat A N/A Sold off on 999 year lease Unknown N/A
Flat B 340 Sq Ft (31.6 Sq M) 6 month AST from 10.9.12 £350 TBC
Flat C 720 Sq Ft (66.9 Sq M) 6 month AST from 13.11.14 £560 C
Flat D 670 Sq Ft (62.2 Sq M) 6 month AST from 2.6.13 £495 B
Warehouse 560 Sq Ft (50 Sq M) Vacant N/A N/A

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.